CIT

Thain Goes Back to Work

Edmundo Braverman's picture
by Edmundo Braverman User's RSS Feed Certified User (Neanderthal, 2892 Banana Points Points) on 2/8/10 at 3:14am
Thain.jpg

It was only a matter of time before Clusterstock's 2008 CEO of the Year John Thain emerged from his self-imposed exile and went back to work. In true Thain style, he chose a company with the potential to restore him to rock star status.

Thain is joining embattled commercial lender CIT Group as Chairman and CEO, effective immediately. No word on whether the company has begun its search for antique commodes and priceless area rugs yet.

Quote:

"John is a well respected financial services executive and proven leader who is uniquely qualified to lead CIT at this critical stage," said CIT lead director John Ryan in a statement. "We have the utmost confidence in John and are pleased to welcome him to CIT."

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CIT Group 2nd Round Interview

apache22's picture
by apache22 User's RSS Feed (Senior Chimp, 25 Banana Points Points) on 10/8/08 at 5:32pm

Anybody been through the CIT superday? I'm going on Friday and I'm hoping to get some insight.

Any general comments on the firm (hours, bonus, etc.) would be helpful as well.

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